East Coast port strike: What's at risk for the U.S. economy if ILA longshoreman walk A one-week strike could cost the U.S. economy $3.78 billion, according to ananalysis by The Conference Board, and cause supply chain slowdowns through mid-November. In all, the ports threatened with...
Indeed, a carrier contact toldThe Loadstarrecently that just the threat of a US east coast port strike had been the main driver of the recent rate surge on the transpacific, and an actual “full-blown strike” would “see us through the winter”. ...
but only a moderate shift in flows from ports in the east. Gene Seroka, executive director of the port of Los Angeles, recently estimated that 2% to 5% of cargo had moved back to the west coast gateway from ports in the east.
U.S. port workers on the East and Gulf Coasts have reached a tentative deal with port operators, ending a multi-day strike that severely affected shipments. The International Longshoremen's Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) on Thursday evening announced the...
Vice President Kamala Harris has thrown her support behind the striking port workers, but the approval may not be reciprocated when it comes to her bid for the White House. During the third day of strikes at a port in Newark, New Jersey, FOX Business’ Jeff Flock was met with silence whe...
A strike at ports along the East Coast and Gulf of Mexico could threaten Americans’ supply of bananas. Three-quarters of the nation’s bananas — more than 3.8 million metric tons — come through ports handled by the International Longshoremen’s Association (ILA) each year, according to the...
“Given our ongoing forecasts of elevated inventories, we anticipated a potential decline in freight rates in the near term,” said Christian Roeloffs, cofounder and CEO of Container xChange, an online marketplace for container trading and leasing. “However, with the loomi...
Florida East Coast Strikes Deal with AmtrakByline: Simon Barker-Benfield, Times-Union business writer Freight-only carrier Florida East...By BarkerBenfieldSimon
Mass protests by dockworkers on the East Coast of the U.S. do not appear to be affecting the Port of Los Angeles as the West Coast workers are part of a different union. Tens of thousands of workers are on strike as demonstrations over alleged unfair labor practices unfolded overnight...
And he wants ILA local branches to start negotiations early in order to resolve local issues before the master contract talks get going. This appears to be a lesson learned from the 13-month contract negotiations on the west coast, which were held up for weeks and months by local issues....